http://www.gulfkeystone.com/ The firms exploration programme in Algeria is going well and "the shares look good value", say the Investors Chronicle. Your comments please. goal.

my gut feeling is if the sp stays around 256p most of day, by 4pm it could drop to 240 with no news. May be temped to trade a few around lunch time.,.

In this case gut feeling has not much to do with it....frankly it could go anywhere.....I'm staying put because we probably will see 300p plus again this month....perhaps more.....I'll pick up more at 240p...

well its so volatile at the moment i am just gonna sit tight - i topped up on the dip so v happy with that if not 300+ today it will soon - would expect nearer 400 in the not too distant even next week!!! and if a t/o rns is out only a mad man/woman would not want to be in gkp tonight - you just watch sinopec - they are the real interest the others are a side show for now and if they dont get moving with an offer sinopec will snatch it from under their noses - they have plenty of cash to take out gkp many times over and others in the region - i have more again in here than i wanted to risk but no longer see it as a risk anymore than any other share (caveat htt, ldp,hmv, yell, wgp, jjb, et cetera LOL!!!)

Picked up a few on the dip....as well.......risky but it's worth it at the moment !.

agreed rf - it is a risk as always but i too think its worth it - i have weighed up the positives and negatives and the upside potential makes the risk worth it still many times over at these levels - i wonder what the lunchtime crew will do now ref gkp?

Strong support at 250p......if this continues then it might be a platform for an afternoon recovery.....the bid or bids have not gone away.....so much oil in the ground that for 2.5 to 3 billion : you get 10 billion plus pounds worth !.

When I see what happened yesterday : I can't understand why people are selling today ...it was yesterday the day to profit take and today : you get back in....why are people working this out the wrong way ?...

Gibby.....what do you see as a better bet (lower risk) at the moment...GKP or AAT if I had more money to put in?

adacol - that is a difficult question as i am in both!! aat going fwd have great pipeline orders, some recent substantial order wins, making a profit, lloyds have just recently agreed to support them due to the nature of their business they can have short term higher borrowing costs, pension repayments already started and agreed schedule to get the deficit down to nil etc - i personally expect good contract wins there between now and end feb to push current sp up especially in the US with the company they acquired over there - but what a question lower risk gkp or aat!! i would prefer to say that i see a much quicker high return with gkp but aat to get back to 2p + may take 1 year or bit more - i would say gkp is a lower risk right now caveat the political situation in iraq does not deteriorate - but i am happy enough with gkp to risk more than i normally would as upside potential v risk is huge

expect to see a rally here before cob imo - many just wont want to be out right now and have a sleepless night!!

a positive from today is that we found bottom and bounced off it - lot was auto sells which is typical and a lot day trade - from my analysis most the day trading below today's low has now been completed - looks nice and blue again gla

trend up never went away just a glut of ot and day trade mainly smaller qtys

gibby - many thanks for your comments. I am in both at the moment as well which is why I asked the question because I knew you were in AAT before as well! I agree with what you have said above and just doubled my holding in GKP in the short term to then (don't know when) sell a few to put more into AAT.

very up and down at the mo, but seems to be heading in the right direction.,.

you are welcome adacol - and sensible strategy of yours imo - we will both be smiling with both gkp & aat - i expect gkp first - in fact as expected finisihing strongly right now a sea of almost unbroken blue as it should - makes the top up on the dip even more satisfying :-))))))))))))))))))))



aat contract win news can be anytime - and real please they have a big hitter as ceo now :-)))))))))))))

gl

baler - underlying trend has been north all day bar really :-))) gl

buys significantly more than sells and widening :-)))))))))))))))

as i said earlier blue finish :-))

How close can we get to yesterday's volumes?
Will USA opening have any effect?

lookoimg at the trades now n £2.6675,in USA it's $4.11 @0.65= "2 67p


http://ih.advfn.com/p.php?pid=squote&symbol=GUKYF

all pointing towards sinopec....


www.iea.org/papers/2011/overseas_china.pdf

"Chinese NOCs, like other oil companies, consider Iraq as a key strategic country in which to gain a foothold because of the lack of other investable good quality assets globally. NOCs have proven to be willing to cut profits and to bear the political risks."

"According to the MTOGM 2010, the highest net increase in crude production capacity from 2010 to 2015 (from OPEC countries) will likely come from Iraq (1.0 mb/d) (Figure 6). In the first half of 2010, China’s crude imports from Iraq showed a 148% increase over the same period in 2009 (Xinhua, 2010). In the first half of 2009, China imported 161 kb/d of crude oil from Iraq."

"Some observers have suggested that China’s NOCs, flush with cash, have been paying a premium for assets, freezing other bidders out. One report, for instance, concluded that in 2009, the total premium paid by the Chinese companies increased to 40% above the base case valuation of acquired assets (Wood Mackenzie, 2010). Others have pointed out that intermediaries who facilitated these deals for NOCs drove up the premium."